Best Buy Has Approximately 1,500 Stores Across North America, Generating $42.15 Billion in Revenue for Fiscal 2018 (Ended Feb

OFFERING MEMORANDUM 6 Mall Road | Barboursville, WV 25504

Actual Property Image INVESTMENT SUMMARY 03 • Investment Summary • Investment Highlights • Est. Operating Info

AREA OVERVIEW • Location Map 06 Actual Property Image • Aerial & Retail Maps • City Overview Exclusively Marketed By: Sands Investment Group

TENANT OVERVIEW Adam Scherr Max Freedman 10 • Tenant Profile Lic. # 01925644 Lic. # 644481 310.853.1266 | DIRECT 512.766.2711 | DIRECT LEASE ABSTRACT [email protected] [email protected] 11 • Lease Summary • © 2018 Sands Investment Group (SIG). The information contained in this ‘Offering Memorandum,’ has been obtained from sources believed to be reliable. Sands Investment Rent Roll Group does not doubt its accuracy, however, Sands Investment Group makes no guarantee, representation or warranty about the accuracy contained herein. It is the responsibility of each individual to conduct thorough due diligence on any and all information that is passed on about the property to determine it’s accuracy and completeness. Any and all projections, market assumptions and cash flow analysis are used to help determine a potential overview on the property, however there is no guarantee or assurance In Cooperation with Rockstar Realty, LLC these projections, market assumptions and cash flow analysis are subject to change with property and market conditions. Sands Investment Group encourages all potential BoR: Paul Napoli (WV0023831) / Nancy McBride WV0002673) interested buyers to seek advice from your tax, financial and legal advisors before making any real estate purchase and transaction. Actual Property Image INVESTMENT SUMMARY INVESTMENT

OFFERING SUMMARY PROPERTY SUMMARY PRICE $4,200,000 ADDRESS 6 Mall Road CAP 8.29% Barboursville, WV 25504 NOI $348,100 COUNTY Cabell PRICE PER SF $140.00 BUILDING AREA 30,000 SF LEASE TERM ~5 Years Remaining LAND AREA 5.17 Acres LEASE GUARANTY Corporate BUILT 2002 3 ESTIMATED OPERATING INFO

INCOME

GROSS POTENTIAL RENT $360,000.00

EXPENSE REIMBURSEMENT

CAM & INSURANCE $98,396.00 INVESTMENT SUMMARY INVESTMENT REAL ESTATE TAXES $38,000.00

EFFECTIVE GROSS INCOME $496,396.00

LEASE EXPENSES

REPAIRS & MAINTENACE -$93,003.00

INSURANCE -$5,393.00

TAXES – REAL ESTATE -$38,000.00

UTILITIES $0.00

R/M – NON CAM -$9,500.00

ADMINISTRATION EXPENSES -$2,400.00

TOTAL EXPENSES -$148,296.00

NET OPERATING INCOME (NOI) $348,100.00 44 Actual Property Image HIGHLIGHTS

• Best Buy Has Approximately 1,500 Stores Across North America, Generating $42.15 Billion in Revenue for Fiscal 2018 (Ended Feb. 3). Fiscal 2018 Marked Best Buy's Fourth Consecutive Year of Positive Full- Year Same-Store Sales Growth

• Located Near Tanyard Station – A New 50-Acre Retail Development Totaling Over 200,000 SF is Being Built

INVESTMENT HIGHLIGHTS INVESTMENT 2.5 Miles South on Hwy 60

• Barboursville is Home to the Huntington Mall, Which is the Largest Indoor Mall in the State of West Virginia, with More Than 1.5 Million SF of Retail Space

• Huntington Mall’s Market Area Includes Gallipolis, OH, Portsmouth, OH, and Prestonsburg, KY

• Barboursville is Part of the Huntington-Ashland, WV- KY-OH, Metropolitan Statistical Area and Has a Population 363,000

• Nearby Tenants Include Michael’s, Olive Garden, Planet Fitness, Panera Bread, Chili’s Grill & Bar, Logan’s Roadhouse, Lowe’s Home Improvement, NTB, Sears, Old Navy and Walmart Supercenter

• 100% Occupied Single Tenant NN Lease

45 Actual Property Image LOCATION MAP LOCATION

56 Huntington Mall RETAIL MAP RETAIL

Cabell Family Medical Center

Nichols EM School

57 Huntington Mall AERIAL MAP

SUBJECT PROPERTY DEMOGRAPHICS

3 Mile 5 Mile 10 Mile

Population 13,935 30,605 94,006

Average Household Income $64,074 $68,051 $57,472 58 ABOUT THE CITY Barboursville is a village in Cabell County, West Virginia. It is located near the second largest city in the state, Huntington. Barboursville is a part of the Huntington-Ashland, WV-KY-OH, Metropolitan Statistical Area (MSA).

AREA OVERVIEW The Huntington–Ashland metropolitan area is the largest metropolitan statistical area in West Virginia and includes seven counties across three states: West Virginia, Kentucky, and Ohio. The MSA is nestled along the banks of the Ohio River within the Appalachian Plateau region. The area is referred to locally as the Tri-State area, though it also referred to as Kyowva, an acronym adjusted from the abbreviations of the three states. In addition, the three largest cities (Huntington, West Virginia; Ashland, Kentucky; and Ironton, Ohio) are referred to as the River Cities.

Barboursville is home to the Huntington Mall, which is the largest indoor mall in the state of West Virginia, with more than 1.5 million square feet of retail space. The mall is anchored by Macy's, JCPenney, Sears, Books-A-Million, and Dicks Sporting Goods. There are currently three additional anchors under construction including Field & Stream, TJMaxx, and HomeGoods.

There is a "trail" through Barboursville that showcases many of its historic buildings. One such structure is an old toll house dating to the pre-Civil War era. Other landmarks include the Veterans' Home, Barboursville Elementary and Middle Schools (both schools have been rebuilt), and Barboursville Park, which serves as a popular recreation area for residents of the area.

119 Best Buy is an American multinational consumer electronics corporation headquartered in Richfield, Minnesota, a Minneapolis suburb. Internationally, it also operates in Canada and Mexico.

The company was founded by Richard M. Schulze and James Wheeler in TENANT PROFILE 1966 as an audio specialty store named Sound of Music. In 1983, it was renamed and rebranded with more emphasis placed on consumer electronics. Best Buy's subsidiaries include Geek Squad, Magnolia Audio Video, and Pacific Sales. Best Buy also operates the Best Buy Mobile and Insignia brands in North America, plus Five Star in China. Best Buy sells cellular phones from Verizon Wireless, AT&T Mobility, Sprint Corporation, and Boost Mobile in the United States.

MARKET CAP COMPANY TYPE HEADQUARTERS $21 Billion NYSE: BBY Richfield, MN

# OF LOCATIONS FOUNDED WEBSITE 1,500+ 1966 bestbuy.com 1011 Actual Property Image LEASE SUMMARY

TENANT Best Buy

A Building of Approximately PREMISES 30,000 SF

LEASE LEASE ABSTRACT LEASE COMMENCEMENT August 29, 2002

LEASE EXPIRATION January 31, 2023

LEASE TERM ~5 Years Remaining

RENEWAL OPTIONS 4 x 5 Years

RENT INCREASES $60,000 on February 1, 2023

LEASE TYPE Double Net (NN)

USE Retail

PROPERTY TAXES Tenant’s Responsibility

INSURANCE Tenant’s Responsibility

COMMON AREA Tenant’s Responsibility

ROOF & STRUCTURE Landlord’s Responsibility

REPAIRS & MAINTENANCE Tenant’s Responsibility

HVAC Tenant’s Responsibility

UTILITIES Tenant’s Responsibility 1211 Actual Property Image RENT RENT ROLL

TENANT SQUARE % OF ANNUAL RENT / INCREASE LEASE LEASE OPTIONS NAME FOOTAGE TOTAL BASE RENT SF DATES BEGIN END

$60,000 on Best Buy 30,000 SF 100% $360,000 $12.00 08/29/2002 01/31/2023 4 x 5 Years 02/01/2023

1312 Actual Property Image The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Sands Investment Group and should not be made available to any other person or entity without the written consent of Sands Investment Group.

This Offering Memorandum has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.

The information contained herein is not a substitute for a thorough due diligence investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business

CONFIDENTIALLY AGREEMENT CONFIDENTIALLY prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property.

The information contained in this Offering Memorandum has been obtained from sources we believe to be reliable; however, Sands Investment Group has not verified, and will not verify, any of the information contained herein, nor has Sands Investment Group conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.

By receipt of this Memorandum, you agree that this Memorandum and its contents are of confidential nature, that you will hold and treat it in the strictest confidence and that you will not disclose its contents in any manner detrimental to the interest of the Owner. You also agree that by accepting this Memorandum you agree to release Sands Investment Group and hold it harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.

14 Exclusively Marketed By:

Adam Scherr Lic. # 01925644

310.853.1266 | DIRECT [email protected]

Max Freedman Lic. # 644481

512.766.2711 | DIRECT [email protected]

Sands Investment Group 2101 S IH 35, Suite 402 Austin, TX 78741 844.4.SIG.NNN

www.SIGnnn.com

In Cooperation with Rockstar Realty, LLC BoR: Paul Napoli (WV0023831) / Nancy McBride WV0002673) Actual Property Image